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Nebius Q1 Revenue Surges 7x YoY to $399M, Stock Jumps 17% in Premarket

GateNews

Stocks AI Industry News

2026-05-13 13:01:48

According to TheEnergyMag, AI cloud provider Nebius (NASDAQ: NBIS) reported Q1 revenue of $399 million, surging 7 times year-over-year and beating analyst expectations of $371 million. The stock jumped approximately 17% in premarket trading and has gained over 100% year-to-date.

The company expanded capital expenditure to roughly $2.5 billion and announced a 1.2-gigawatt power capacity allocation in Pennsylvania for new AI infrastructure. Nebius also acquired AI startup Eigen AI for $643 million and signed a five-year agreement with Meta Platforms for up to $27 billion in AI computing supply.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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